Commodity Prices

Gold •125 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,001.20	-5.50	-0.55%
WTI Crude •10 mins	71.67	-0.32	-0.44%
Gasoline •10 mins	2.032	-0.012	-0.60%
Ethanol •125 days	2.161	+0.000	+0.00%
Silver •125 days	30.82	+1.16	+3.92%

Silver • 125 days	30.82	+1.16	+3.92%
Copper • 125 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	75.16	-0.37	-0.49%
Natural Gas • 10 mins	2.687	+0.017	+0.64%
Heating Oil • 10 mins	2.291	-0.013	-0.58%

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GBP/USD – Uncharted Area

By - Oct 04, 2016, 6:28 AM CDT

GBP/USD has broken key support at 1.2789. There is no real support below 1.2775. Resistance is located at 1.2873 (03/10/2016). Expected to show continued downside pressures.

The long-term technical pattern is even more negative since the Brexit vote has paved the way for further decline. Long-term support given at 1.0520 (01/03/85) represents a decent target. Long-term resistance is given at 1.5018 (24/06/2015) and would indicate a long-term reversal in the negative trend. Yet, it is very unlikely at the moment.

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